CPI inflation unchanged at 3.0 percent in January, CPI core inflation up to 2.7 percent from 2.5 percent in DecemberUK CPI inflation was unchanged at 3.0 percent y-o-y in January. This was in line with the Bank of England’s expectation, but slightly higher than the consensus expectation of 2.9 percent. Core inflation increased to 2.7 percent in January from 2.5 percent in December and beat the consensus expectation of 2.

Industrial production down by 1.3% in December, but manufacturing up by 0.3%UK industrial production fell by 1.3 percent in December, after growing by 0.3 percent in November (revised from 0.4 percent). The consensus expectation for December was -0.9 percent. The monthly fall was the first since March 2017 and the largest fall since September 2012. However, the only downward contribution came from mining and quarrying, which decreased by 19.